Bullion prices ended lower at Comex on Thursday, 28 June 2018. Gold futures finished lower on Thursday to suffer a fourth consecutive loss, as the precious metal continued to be walloped by recent momentum in the U.S. dollar.

August gold fell $5.10, or 0.4%, to settle at $1,251 an ounce—the lowest settlement for a most-active contract since 13 December 2017. The four consecutive session losses also marked the lengthiest selloff since a four-day slide in first week of Feb 2018. Gold has fallen 1.8% so far this week and was looking at a 4% drop in June, along with a 4.4% year-to-date retreat.

September silver, the most active contract, fell by 1.2% to $16.041 an ounce. Silver is poised for weekly and monthly declines of around 3%.

U.S. economic news on Thursday was downbeat. Data revealed that growth in the U.S. economy in the first quarter was lowered to 2% from 2.2%. Weekly initial jobless claims climbed by 9,000 to 227,000.

Dollar-pegged gold has decidedly turned lower even as uncertainty over global growth and anxieties about escalating trade tensions—factors that would typically provide a lift for the commodity have intensified. The dollar, as measured by the ICE U.S. Dollar Index boasts a weekly gain of 0.7% and is up 1.3% so far in June.